The Manufacturers Life Insurance Company Makes New Investment in Aris Mining Co. $ARIS

The Manufacturers Life Insurance Company bought a new position in shares of Aris Mining Co. (NYSE:ARIS) in the first quarter, Holdings Channel reports. The fund bought 185,713 shares of the company’s stock, valued at approximately $3,445,000.

A number of other institutional investors also recently modified their holdings of ARIS. Public Employees Retirement System of Ohio boosted its stake in shares of Aris Mining by 2.7% in the third quarter. Public Employees Retirement System of Ohio now owns 55,647 shares of the company’s stock valued at $546,000 after buying an additional 1,441 shares during the period. RMG Wealth Management LLC bought a new position in Aris Mining in the 1st quarter valued at about $30,000. Kestra Advisory Services LLC acquired a new position in shares of Aris Mining in the 4th quarter valued at approximately $27,000. Cetera Investment Advisers lifted its holdings in shares of Aris Mining by 2.5% during the 2nd quarter. Cetera Investment Advisers now owns 88,214 shares of the company’s stock worth $593,000 after acquiring an additional 2,135 shares during the period. Finally, Global Retirement Partners LLC bought a new stake in shares of Aris Mining during the 4th quarter worth approximately $37,000. Institutional investors own 39.71% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on ARIS shares. Weiss Ratings cut shares of Aris Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, July 23rd. Zacks Research lowered Aris Mining from a “hold” rating to a “strong sell” rating in a research note on Wednesday. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $17.00.

Aris Mining Trading Up 10.7%

ARIS opened at $17.40 on Friday. The company has a market cap of $3.59 billion, a P/E ratio of 12.61 and a beta of -0.14. The company has a current ratio of 1.91, a quick ratio of 1.68 and a debt-to-equity ratio of 0.26. The company’s 50 day moving average is $15.30 and its 200-day moving average is $17.64. Aris Mining Co. has a 1-year low of $6.65 and a 1-year high of $23.29.

Aris Mining (NYSE:ARIS) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.08. The business had revenue of $330.23 million during the quarter. Aris Mining had a net margin of 22.43% and a return on equity of 22.82%. Equities research analysts predict that Aris Mining Co. will post 2.28 earnings per share for the current fiscal year.

Aris Mining Profile

Aris Mining Corp, headquartered in Vancouver, British Columbia, is a mineral exploration and development company focused on advancing a diversified portfolio of precious metal and lithium assets. Listed on the New York Stock Exchange under the ticker ARMN, the company pursues a disciplined strategy of resource definition and project development to deliver value for its shareholders.

The firm’s principal assets include several high-grade gold projects across multiple continents and a strategic lithium property in the United States.